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Search Results 0 to 26 of about 27 (some duplicates have been removed)
this administration. we have to reduce spending. we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security and medicare are going broke. we have to fix those of those who are dependent on those systems can get them. continuing to spend money like both parties have been doing the, wild spending is going to lead us to be just like greece. we are not going to be able to take care of the poor or the needy or take care of senior citizens. we have to stop spending. host: this is fiscal year 2010, but it has not changed significantly in terms of percentage. 41% of the federal budget. not defense appropriations 19%. defense spending 20%. the national debt 6%. we're in t
to get it back? we know we don't want to end up like greece. the country is still struggling today. s&p upgraded greece's credit rating by six notches. >>> lauren rousseau was 30 years old. she had recently just landed a permanent substitute teacher position at sandy hook elementary. according to her family, she died doing what she loved. spending time and teaching children. her boyfriend tony says they had just celebrated their one-year anniversary together. he sat down with poppy harlow and talked about it. that must have been hard to talk to him, hard to hear him. what did he say? >> this is a guy the same age as me and his girlfriend, the same age as well. the way that tony was describing lauren in her obituary was the love of her life. they fell in love on their first date at a wine bar. that's when they shared their first kiss. these were just two peas in a pod, the way they described one another. you know, he told me he doesn't believe that it's real, that it's permanent, that she's going to come back. he's having a hard time processing that. the way he described it to me just
to turn into greece first. depending on which of these scenarios we are talking about. it's all nothing. eventually they run out of money. the fed keeps print it. megyn: if we are going to be greece i would like a good euro. thank you. as the newtown shooting ignited a debate on gun control, some are talk about the assassination attempt of president reagan and his view on guns. michael reagan is here in a must-see interview. a michigan man is head to court after he decided to make a citizen's arrest of a police officer. here he is trying to pull the cop over. >> i said sir, you need to wear your seat belt. and it set me off. i was mad as hell. since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter'like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightho
becoming greece, no real reduction in our deficit or our debt. the good news, senator mccain, is that we're one big deal away from dominating the 21st century because america's problems are really less than most other places. the bad news is that that deal is elusive, it requires presidential leadership, and i haven't seen much of it, and if we say on the course we're on today, we're going to lose the american dream because your grandchildren and your children cannot pay off the debt you're about to pass on to them. so in about two months, round two begins and we will be asked to raise the debt ceiling. trust me, i don't want to default on our obligations, but in august of 2011, we borrowed $2.1 trillion because we ran out of money and 42 cents of every dollar we spend is borrowed money. if you don't keep borrowing, you will have to cut the government by 42%. nobody suggests that that's a good idea overnight. but here's what i won't do. i won't continue borrowing money unless we address in the process what got us into debt to begin with. so when we have to raise the debt ceiling again, i
been doing is going to lead us to being just like greece. we will not be able to take care of the poor and needy or senior citizens. we've got to stop spending. host: this is from the congressional budget office -- social security, medicare, and medicaid are 41% of the federal budget. defense spending is 20% area do you cut? >> we have to cut across the whole circle. it is not the so-called congress' spending. it is everything in that pie plate. need to fix social security and medicare because they are going broke. democratic colleagues are totally in denial. they think they have a policy regarding social security and medicare. they say denied it is a problem and they deny -- and a delay fixing it and third, they will destroy the programs because they are denying and delighting and they are demonizing those of us who want to try to fix it. we need to fix it so that social security and medicare are available for those people needed. we've got to put in place policies that will do so. the democrats have been totally against are doing so. host: are you worried that the republicans are jus
and people in washington and news media, we're not spain, we're not greece, we're not totally messed up like europe. we would do fine over the next twenty years if we get government to quit screwing up. [applause] but imagine the consult assistant consult ant report if they said general washington, we have you have one ax and 14,000 people. we think this is bad. we think you should be deeply depressed and consider quitting. a congress isn't doing well enough doesn't deserve the loyalty. why don't you go home? they wanted to be free. and they prepared to die. when they crossed dpez on christmas night on a desperate and last effort before the army seizes to exist. the slogan, or pass word is victory or death. and they meant it. it wasn't victory cry or six weeks. or victory or i'm not going watch fox news for a month. it wasn't victory or i think i'll pout. all right people really passionate about the idea that freedom was the right god had given them. they weren't going fail god by giving it up. finally we get to yorktown, the last novel in washington. it's a great gamble. the country is exha
people believe that what's happening in greece cannot happen in the united states. but think about it. greece kept borrowing and spending until eventually they couldn't pay their public workers, take care of the elderly or the poor or deliver any of the services promised to their people. the united states is headed down the very same path. we'll be right back here having this same debate very soon if we don't cut spending. instead we'll be discussing the top 2%, next time it will be the top 50%. and so on. until we're all being attacked, every one. but spending so much that we still cannot meet our only gations -- obligations. this debate should be about spending, not taxes. so that we can give the american people what they want, a strong economy and a guarantee that programs like social security and medicare will remain in tact. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentlelady from the virgin islands seek recognition? mrs. christensen: address the house for one minute, revise and extend my remarks. the speaker pro tempore: without
. google is flying from south to north. so i think they're kind of mingling right now in greece. so in santorini. this is his dashboard. you can see where he is. there's a lot of games. kids having a ball with it. it shows you where santa is. he's leaving his presence as he moves. he's moving from africa north. so now they kind of just bypassed each other in greece. and now google is now in finland where the other guy is. or similar santa was earlier. they're kind of meeting in the middle. just around the equator. >> here's the thing, we just don't want a midair santa crash. that would be the worst case scenario. thank you so much, alexandria, in an age of e-mails and tweets, here we go. it's nice to know that a letter can still be a powerful tool. it also helps if you have a powerful role model. that would be 9-year-old gabriella miller. she got strangers from around the world to write letters to santa. that out pouring will bring some joy for severely ill children like gabriella herself. now, our affiliate has the story. >> we have a mountain of letters here. >> reporter: chris' c
. but it's not working incr greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't know where the pendulum will swing in the next direction. host: f
, the current news media, we're not spain, we're not greece, we're not totally messed up like europe. this is a country where if we could just get government to quit screwing up, we would do fine over the next 20 years. [applause] but imagine the consultant report if they came out and said, you know, general washington, we've evaluated the situation, and you have one axe and 14,000 people. we think this is bad. [laughter] we think you should be deeply depressed and consider quitting. [laughter] a congress that isn't doing well enough to be worthy of at least a couple hundred axes doesn't deserve your loyalty. why don't you go home. now, these people wanted to be free, and they were prepared to die. when they cross the delaware on christmas night in a desperate last effort before the army ceases to exist, their slogan, their password is victory of death. victory or death. and they meant it. it wasn't victory or i'll cry for six weeks. [laughter] it wasn't victory or i'm not going to watch fox news for a month. [laughter] it wasn't victory or i think i'll pout. [laughter] these people
. but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't know where the pendulum will swing in the next direction. -- ekle
, it is more important to make all the fiscal cuts them back as greece and spain know, when people do not trust your debt, weak issue too much debt. if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it is just stupid. they should have done the tax cuts first and then see if they need to raise taxes. the more sound policy is to cut some savings first to even see if we have to raise taxes. host: here is the statement put out by the white house yesterday. it actually promises to lower rates for the wealthy and sticks the middle class with the bell. bill. susan in pennsylvania, a democratic caller. welcome to the conversation. caller: what i am thinking is the
and especially greece. the other thing we could do is come to a midline course of action where you could actually -- what can you minimally due to cut spending? what can you minimally due to have shared sacrifice so everyone is sacrificing something in this game? the other thing we don't talk about -- the interest rates on the deficit have been the lowest in 200 years. if we went back to what it was 50 years ago, it would triple. ishave not got to thin leaderst not about being popular or well- liked. he may lose his leadership role. in the end, he would have saved this country from fiscal disaster, from bankruptcy, and a crisis that will affect all americans them that all americans. . all americans. host: what would you like to see done? is this a united opinion on the right when it comes to how it should be handled? guest: let's take the impact of the tax policies. that is a very good question. if you are a worker making $60,000 a year, head of household, and if your income bracket is $60,000 a year, currently he will pay $7,800 -- you will pay $7,800 in taxes which means your net income will be
the economic instability that we have in europe, as to what is happening in greece and we have our fiscal cliff here in the united states, what role do you see the council on foreign relations play in the overall big picture, especially helping to ease the situation of the economic problems in the united states? guest: the council on foreign relations is an independent, non-partisan organization that has nothing to do with the u.s. government other than the fact that our scholars try to help influence and educate the public. the government on foreign policy. the uprising in the arab world, to the caller's question, is happening in the worst of all possible times. the u.s. and strapped financially. europe is back in a recession and confronted with serious economic problems, but europe and the united states would, in the past, be the place that traditionally had helped to support economic change and prosperity in that part of the world. now what we're seeing are caught are countries like -- are countries like qatar in saudi arabia stepping in. again, the instability in the region is timed in perh
harry, during one of the breaks, talking about greece. you had an unconventional view, i think, of what's going on there. >> still tons of issues, major risks but i think finally some signs after five years of decline, it is starting to bottom. first, the eu demonstrated they will do anything to keep power, partly because he has made some progress and partly because the alternatives are scarry. finally seeing improvements in the budget deficit numbers. >> you are buying stuff? >> looking at stuff. finally start to see investors move in 2013. already seen government bonds in 2012 and i think you will see asset sales. >> you agree? you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so b
greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in bos
a year. greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles away, hard at work, getting a former middle school ready for sandy hook students. all of this as the grim task of bearing so many young innocents gets underway. 10:00 in the morning funeral services begin for james mattioli. followed by services for jessica reek coast. -- rekos. a rabbi spoke about that service. >> being celebrated as a pure innocent child by the promise of life ahead of him. who brought joy to his family and to his community and who will be sorely missed. as his older brother said he could have been anything if he had grown up. this is tragedy that we have no answers for this. bill
in the likes of portugal, ireland, some even to some degree in spain and greece. and that wouldn't have happened without the pressure in the markets. >> obviously. jim, we want to thank you very much for calling in on this new year's eve and wish you a happy 2013 to you, as well. >> happy new year's to you guys. good luck to you. >> things. >>> coming up, we're going to calm to some politicians and congress people. we have shelly moore-capito and congressman greg meeks of new york will join us on the show to talk about the biggest sticking points. at the top of the hour, vice chairman and republican policy committee chairman tom price will be our special guest. "squawk box" coming right back. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. impact wool exports from new zealand, textile production in spain, and the use of medical
slide to make us like greece, no longer a viable economic power. >> that was from the program " state of the union, close with this morning. a number of members of the house are point to try to make their way back for votes this evening at 6:30. the house taking up some 13 bills. here is how david hocking's of "congressional quarterly" termed this house session -- " >> nothing on the fiscal cliff, however. we will keep you posted on that. the senate gaveling out shortly for that caucus meeting in particular. taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says our liberties are being weakened. i am so sorry that they tried to discredit him. he makes a lot of s
they got a tax credit for hiring people if we get this under control so we are not talking about greece and we are not talking ourselves to death. the fiscal sanity then yes, why, because we have markets for products and services i predicted at that point that act would be right where we are are going to be at the end of this year. we had a year-and-a-half to come and work together and build a bridge so that we wouldn't fall off the cliff. and what did we do? electioneered waiting until they are over. when he elections are more important than governing this country coming to get into the trouble that we are in. it's not just wild spending. it's not just tax loopholes. it's about governing and fiscally managing things as you go along. and it doesn't just have to be in the white house, it has to be in congress as well. >> given the frustrations in the process, if a grandchild can to you and said i want to go into politics, would you be discouraging of their intent? >> i would be straight forward with them. when i decided i wanted to run for governor, somebody asked me if my skill was big
Search Results 0 to 26 of about 27 (some duplicates have been removed)